WebMemo posted April 18, 2006 by Tim Kane, Ph.D., Marc Miles, Ph.D., Anthony Kim
China's Economic Invasion: One Year Later
One year ago, the
chorus of the consensus told America that the dollar's exchange
rate was due to fall in 2005. Under relentless assault from cheap
Chinese imports and facing a record trade deficit, the dollar had
nowhere to go but down. The influential Economist magazine
went so far as to say, "[t]he deficit…
Executive Memorandum posted October 3, 2003 by Marc Miles, Ph.D., Ana Eiras
Undervaluing the Damage of a Tariff
Some
Members of Congress have recently found a scapegoat for lost
manufacturing jobs: the yuan, the currency of the People's Republic
of China. Their proposed bill (S. 1586) would allow the U.S.
government to impose a tariff on imports from China if China fails
to revalue the yuan. This bill is an…
Executive Memorandum posted September 19, 2003 by James Phillips, Marc Miles, Ph.D.
Bolster Freedom, Not Dependence, in Iraq
President George W. Bush has called on
Congress to approve an $87 billion supplemental appropriations
request, most of which is earmarked for Iraq. Congress should
approve the Administration's request, which is sorely needed to
stabilize Iraq, improve security against terrorist attacks, and
finance reconstruction. But in the long run, only the Iraqi…
Executive Memorandum posted April 30, 2003 by Dr. Nile Gardiner, Marc Miles, Ph.D.
Forgive the Iraqi Debt
The
Bush Administration should formally call upon the European powers
(primarily Russia, Germany, and France) and Arab nations (including
the Gulf states and Egypt) to forgive the huge debts owed by the
Iraqi government. Forgiving these debts would constitute both an
historic contribution to the economic development of post-Saddam
Iraq and a major…